Business news

The industry must balance increasing demand for petroleum products and growing pressure to transition to low-carbon energy sources to reduce emissions, says DNV.

FET has secured a contract to supply an electric observation-class ROV, further reinforcing its commitment to exploring the deep sea.

The European Commission has signed off on about €3 billion of planned German state aid for building a system of hydrogen pipelines known as the Hydrogen Core Network (HCN) says Reuters.

PLIDCO received the Aramco Americas 2024 Best in Supplier Performance award at the OTC in Houston.

This extension will take effect in January 2025 and will last up to January 2027.

Nine gas transmission system operators in the countries around the Baltic Sea have signed a MoU which aims to coordinate and facilitate hydrogen infrastructure.

The construction is expected to be completed within 17 months and would extend the first phase of the project, a 60 km gas pipeline.

The US$550 million investment would include a gas processing plant and a pipeline, the source told Reuters.

On June 23, 2024, AMPP will celebrate International Women in Engineering Day (INWED), marking an annual global tribute to women in the engineering field.

The investment is aimed at boosting Strohm's growth trajectory, which is focused on hydrogen and CCUS applications.

This latest acquisition accelerates commercial synergies for ONEOK.

Some of Colonial Pipeline's owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of US$10 billion, says Reuters.

Penspen and pipelinelogic partnership aims to enhance asset integrity to meet Mega Rule compliance.

Phillips 66 said it would sell its 25% stake in the Rockies Express Pipeline for about US$1.28 billion, including debt, to a subsidiary of Tallgrass Energy, according to Reuters.

Stephanie Calder has been appointed as the new CEO of Asset Guardian Solutions Limited.